If Starmer and Reeves think they have a foolproof strategy – wait until winter comes

When the bills hit the mat and taxes go up, Labour’s talk of ‘short-term pain’ will feel intolerable to poor households, says Guardian columnist Aditya Chakrabortty

US stocks rise on faster economic growth despite Nvidia nerves – as it happened

Live coverage as US GDP figures show faster economic growth but Nvidia share price falls in after hours trading

Home Office criticised over ‘woefully’ understated Tory asylum budgets

An IFS report vindicates Labour concerns that it inherited a worse financial situation than previously thought

Labour hopes to deepen economic ties with Europe outside EU’s structures

Finding new trade arrangements to boost growth will be hard given party has ruled out rejoining single market and customs union

Keir Starmer takes a political gamble with message of bad news

Past Labour PMs – Blair, Wilson, Attlee – have tended to arrive in power accentuating the positive

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

‘These ideas are incredibly popular’: what is degrowth and can it save the planet?

The post-growth movement says GDP is the wrong way to measure progress and we need a radical economic rewiring

Is ‘No tax on tips’ a distraction from the fight to end sub-minimum wages?

Trump and Harris have vowed to ban taxes on tips. Critics say it’s not a solution for service workers’ unlivable wages

Renewed calls for UK industrial strategy to bring in investment and fix Brexit damage

Billions risk being lost without joined-up policy on tech, robotics, renewables and training, says manufacturing body

‘Huge benefits’ in greater debt relief for lower income countries, study finds

Exclusive: Levels of education and sanitation predicted to massively improve if creditors reduced payments

Any US interest cut would be good – but don’t expect miracles right away

The Federal Reserve is widely expected to start cutting rates in September after 11 rises in 16 months

Government to seek global trade deals for UK at expense of formal EU re-entry

Business secretary Jonathan Reynolds says joining the Asia-Pacific CPTPP bloc is a ‘real win’ for exporters, even though it will preclude the UK from EU membership

Britain could be a sci-tech superpower – if the Treasury stopped holding it back

The UK has the research base, the startups, the venture capitalists, but its presence in the global market is pitiful. The chancellor must step in

Jim Callaghan’s tight fist was his undoing – as it could be for Rachel Reeves

There are many parallels between the situation facing Labour’s 1960s chancellor and today’s. But will Reeves grasp the higher borrowing nettle?

Government plans to improve UK workers’ rights ‘lack crucial details’, says top thinktank

A report by the Autonomy Institute says Labour proposals contain too many ambiguities and stresses that pledges must be delivered in full